Disclaimer

Market data, company information, portfolio analysis, AI-generated responses, simulation results, and all other information provided through Velpha are reference materials intended to help users consider investment and asset management matters. The Company does not provide investment advice, discretionary investment management, solicitation or recommendation of financial products, brokerage services, or tax, legal, accounting, or other professional advice under applicable laws.

Investments may result in losses, including loss of principal, due to price fluctuations, foreign exchange movements, interest-rate changes, credit risk, liquidity risk, regulatory changes, and other factors. Information, scores, rankings, backtests, scenario tests, optimization results, and AI-generated responses on Velpha do not recommend any specific financial product, investment strategy, or timing of purchase or sale. Users are solely responsible for their own investment decisions.

The Service is based on information from exchanges, financial data providers, public disclosures, data entered or connected by users, and other sources. Such information may include delays, errors, omissions, interruptions, outdated updates, or calculation limitations. Past performance, theoretical values, forecasts, simulations, and AI outputs do not guarantee future results.

The Company does not guarantee uninterrupted availability, error-free operation, or fitness for any particular purpose of the Service. The Company is not responsible for outages, specification changes, data unavailability, or suspension of integrations caused by authentication services, payment services, data delivery services, cloud providers, analytics tools, AI models, search services, or other third-party services, except where attributable to the Company.

Users may not reproduce, republish, redistribute, sell, scrape, automatically collect, use for model training, commercially exploit, or otherwise use data, screens, analysis results, AI responses, or other content from the Service without permission from the Company or the relevant rights holder. When sharing information externally, users are responsible for confirming accuracy, rights, and applicable third-party terms.

Even if damages arise from use or inability to use the Service, reliance on information provided through the Service, data entered or externally connected by users, unauthorized access by third parties, communication environments, device environments, or other circumstances, the Company shall not be liable except in cases of willful misconduct or gross negligence. Where liability cannot be excluded under applicable law, the Company's liability is limited to direct and ordinary damages actually incurred.